For those interested in pursuing a career in real estate, it is essential to stay abreast of the industry’s latest developments. One significant change to note is the upcoming implementation of Senate Bill 1495 (SB 1495), which Governor Gavin Newsom signed into law in September 2022.
Starting from January 1, 2024, all applicants for the salesperson or broker examination will be required to complete a revised real estate practice course that incorporates new content. This updated course will cover two crucial components: implicit bias and fair housing laws.
The implicit bias component will focus on educating students about the impact of implicit, explicit, and systemic biases on consumers, as well as the historical and social consequences of these biases. Students will also learn practical steps they can take to identify and address their own implicit biases.
The fair housing component will center around the application of federal and state fair housing laws to the real estate practice. It will feature an interactive participatory component where the applicant will play the roles of both a consumer and a real estate professional.
It is important to note that these new requirements will impact individuals who submit an application received by DRE on or after January 1, 2024, to take either the real estate broker or salesperson examination. However, the DRE will collaborate with real estate schools to ensure that the new course complies with the legislative requirements over the next year.
Keeping up to date with changes like these can help you prepare for a thriving career in real estate. If you are considering pursuing a real estate license, it is advisable to choose a real estate school that is aware of the latest requirements and can equip you with the knowledge and skills necessary to succeed in this dynamic industry.